Altszn.com
  • Home
  • Crypto
    • Altcoins
    • Bitcoin
    • Ethereum
    • Monero
    • XRP
    • Zcash
  • Web3
  • DeFi
  • NFTs
No Result
View All Result
Altszn.com
  • Home
  • Crypto
    • Altcoins
    • Bitcoin
    • Ethereum
    • Monero
    • XRP
    • Zcash
  • Web3
  • DeFi
  • NFTs
No Result
View All Result
Altszn.com
No Result
View All Result

Stablecoins worth $4B exited exchanges in last 7 days

Altszn.com by Altszn.com
December 16, 2022
in Crypto
0
Stablecoins worth $4B exited exchanges in last 7 days
399
SHARES
2.3k
VIEWS
Share on FacebookShare on Twitter


Haru Invest

Data analyzed by CryptoSlate analysts revealed that around $4 billion worth of stablecoins left the exchanges over the past seven days, leaving a volume of $38 billion.

This analysis is based on the STBL data, which is a virtual asset that aggregates the data of all ERC20 stablecoins to create a metric that can reflect the stablecoin balances across all crypto exchanges.

Stablecoins held on exchanges

STBL includes Binance USD (BUSD), Gemini Dollar (GUSD), HUSD (HUSD), DAI (DAI), Paxos Standard (USDP), Stasis Euro (EURS), SAI (SAI), Synthetix USD (sUSD), Tether (USDT), USD Coin (USDC).

The green line on the chart below reflects the total volume of the stablecoins included in the STBL metric that has been held on exchanges since the beginning of 2018.

stablecoin balance on exchanges
Stablecoin balance on exchanges

According to the data, the exchanges started accumulating stablecoins at an increasing rate in January 2021. The growth has been more or less stable since then, except for a few downfalls during late 2021 and 2022.

The chart also shows a visible drawdown recorded over the past week. Exchange users purchased around $4 billion worth of stablecoins and removed them from the exchanges’ portfolios.

USDC vs. USDT

When it comes to the market shares of stablecoins that sit on exchanges, a recent analysis by CryptoSlate revealed that USDT has taken the lead.

According to numbers from Sept 2022, the USDT balance on exchanges doubled and reached $17.7 billion, compared to Sept. 2021, when it was just below $8 billion. USDT has been available on exchanges since early 2019, but its share started to grow exponentially only after 2021.

USDC has also been increasing its market share since the beginning of 2021. By early 2022, it stood at $7 billion. However, its dominance didn’t continue as it fell to $2.1 billion by Sept. 2022.

Posted In: Analysis, Stablecoins

Get an Edge on the Crypto Market 👇

Become a member of CryptoSlate Edge and access our exclusive Discord community, more exclusive content and analysis.

On-chain analysis

Price snapshots

More context

Join now for $19/month Explore all benefits



Read More: cryptoslate.com

Tags: BlockchainCryptocryptocurrencydaysExchangesexitedStablecoinsweb 3.0Web3worth
ADVERTISEMENT

Recent

Why Polkadot Is the Backbone Web3 Has Been Missing

Why Polkadot Is the Backbone Web3 Has Been Missing

June 4, 2025
Hong Kong Eyes Crypto Derivatives, Prepares Second Virtual Asset Policy

Hong Kong Eyes Crypto Derivatives, Prepares Second Virtual Asset Policy

June 4, 2025
Moscow Exchange Launches Bitcoin Futures for Qualified Investors

Moscow Exchange Launches Bitcoin Futures for Qualified Investors

June 4, 2025

Categories

  • Bitcoin (4,472)
  • Blockchain (10,664)
  • Crypto (8,601)
  • Dark Web (432)
  • DeFi (8,045)
  • Ethereum (4,490)
  • Metaverse (6,676)
  • Monero (241)
  • NFT (1,026)
  • Solana (4,882)
  • Web3 (19,671)
  • Zcash (458)

Category

Select Category

    Advertise

    Advertise your site, company or product to millions of web3, NFT and cryptocurrency enthusiasts. Learn more

    Useful Links

    Advertise
    DMCA
    Contact Us
    Privacy Policy
    Shipping & Returns
    Terms of Use

    Resources

    Exchanges
    Changelly
    Web3 Jobs

    Recent News

    Why Polkadot Is the Backbone Web3 Has Been Missing

    Why Polkadot Is the Backbone Web3 Has Been Missing

    June 4, 2025
    Hong Kong Eyes Crypto Derivatives, Prepares Second Virtual Asset Policy

    Hong Kong Eyes Crypto Derivatives, Prepares Second Virtual Asset Policy

    June 4, 2025

    © 2022 Altszn.com. All Rights Reserved.

    No Result
    View All Result
    • Home
      • Home – Layout 1
      • Home – Layout 2
      • Home – Layout 3

    © Altszn.com. All Rights Reserved.

    • bitcoinBitcoin (BTC) $ 104,702.00
    • ethereumEthereum (ETH) $ 2,607.73
    • tetherTether (USDT) $ 1.00
    • xrpXRP (XRP) $ 2.20
    • bnbBNB (BNB) $ 664.26
    • solanaSolana (SOL) $ 154.49
    • usd-coinUSDC (USDC) $ 0.999767
    • dogecoinDogecoin (DOGE) $ 0.188284
    • tronTRON (TRX) $ 0.273503
    • cardanoCardano (ADA) $ 0.667604
    • staked-etherLido Staked Ether (STETH) $ 2,606.81
    • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 104,644.00
    • hyperliquidHyperliquid (HYPE) $ 34.99
    • wrapped-stethWrapped stETH (WSTETH) $ 3,147.70
    • suiSui (SUI) $ 3.19
    • chainlinkChainlink (LINK) $ 13.78
    • avalanche-2Avalanche (AVAX) $ 20.19
    • stellarStellar (XLM) $ 0.266447
    • leo-tokenLEO Token (LEO) $ 8.98
    • bitcoin-cashBitcoin Cash (BCH) $ 401.48
    • the-open-networkToncoin (TON) $ 3.17
    • shiba-inuShiba Inu (SHIB) $ 0.000013
    • usdsUSDS (USDS) $ 0.999816
    • hedera-hashgraphHedera (HBAR) $ 0.167105
    • wethWETH (WETH) $ 2,606.55
    • wrapped-eethWrapped eETH (WEETH) $ 2,786.65
    • litecoinLitecoin (LTC) $ 88.10
    • polkadotPolkadot (DOT) $ 4.01
    • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
    • ethena-usdeEthena USDe (USDE) $ 1.00
    • moneroMonero (XMR) $ 313.25
    • bitget-tokenBitget Token (BGB) $ 4.77
    • pepePepe (PEPE) $ 0.000012
    • pi-networkPi Network (PI) $ 0.643693
    • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 104,690.00
    • whitebitWhiteBIT Coin (WBT) $ 31.27
    • aaveAave (AAVE) $ 264.56
    • uniswapUniswap (UNI) $ 6.29
    • daiDai (DAI) $ 0.999979
    • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.18
    • bittensorBittensor (TAO) $ 382.17
    • aptosAptos (APT) $ 4.79
    • okbOKB (OKB) $ 49.96
    • crypto-com-chainCronos (CRO) $ 0.100243
    • nearNEAR Protocol (NEAR) $ 2.44
    • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
    • jito-staked-solJito Staked SOL (JITOSOL) $ 186.48
    • internet-computerInternet Computer (ICP) $ 5.22
    • ethereum-classicEthereum Classic (ETC) $ 17.23
    • ondo-financeOndo (ONDO) $ 0.829773
    • bitcoinBitcoin (BTC) $ 104,702.00
    • ethereumEthereum (ETH) $ 2,607.73
    • tetherTether (USDT) $ 1.00
    • xrpXRP (XRP) $ 2.20
    • bnbBNB (BNB) $ 664.26
    • solanaSolana (SOL) $ 154.49
    • usd-coinUSDC (USDC) $ 0.999767
    • dogecoinDogecoin (DOGE) $ 0.188284
    • tronTRON (TRX) $ 0.273503
    • cardanoCardano (ADA) $ 0.667604
    • staked-etherLido Staked Ether (STETH) $ 2,606.81
    • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 104,644.00
    • hyperliquidHyperliquid (HYPE) $ 34.99
    • wrapped-stethWrapped stETH (WSTETH) $ 3,147.70
    • suiSui (SUI) $ 3.19
    • chainlinkChainlink (LINK) $ 13.78
    • avalanche-2Avalanche (AVAX) $ 20.19
    • stellarStellar (XLM) $ 0.266447
    • leo-tokenLEO Token (LEO) $ 8.98
    • bitcoin-cashBitcoin Cash (BCH) $ 401.48
    • the-open-networkToncoin (TON) $ 3.17
    • shiba-inuShiba Inu (SHIB) $ 0.000013
    • usdsUSDS (USDS) $ 0.999816
    • hedera-hashgraphHedera (HBAR) $ 0.167105
    • wethWETH (WETH) $ 2,606.55
    • wrapped-eethWrapped eETH (WEETH) $ 2,786.65
    • litecoinLitecoin (LTC) $ 88.10
    • polkadotPolkadot (DOT) $ 4.01
    • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00
    • ethena-usdeEthena USDe (USDE) $ 1.00
    • moneroMonero (XMR) $ 313.25
    • bitget-tokenBitget Token (BGB) $ 4.77
    • pepePepe (PEPE) $ 0.000012
    • pi-networkPi Network (PI) $ 0.643693
    • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 104,690.00
    • whitebitWhiteBIT Coin (WBT) $ 31.27
    • aaveAave (AAVE) $ 264.56
    • uniswapUniswap (UNI) $ 6.29
    • daiDai (DAI) $ 0.999979
    • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.18
    • bittensorBittensor (TAO) $ 382.17
    • aptosAptos (APT) $ 4.79
    • okbOKB (OKB) $ 49.96
    • crypto-com-chainCronos (CRO) $ 0.100243
    • nearNEAR Protocol (NEAR) $ 2.44
    • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
    • jito-staked-solJito Staked SOL (JITOSOL) $ 186.48
    • internet-computerInternet Computer (ICP) $ 5.22
    • ethereum-classicEthereum Classic (ETC) $ 17.23
    • ondo-financeOndo (ONDO) $ 0.829773